Tag: energy

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Russia reacts to U.S. threat of putting the crimp into gas pipeline project

November 14, 2018, 4:20 pm
Alexey Miller, the CEO of Russian energy giant Gazprom involved in Nord Stream 2 gas pipeline project, vowed to finish the construction of the pipeline despite the U.S. efforts to derail the venture. ... 

USA asks a big favour of Hungary, tug-of-war over Russia ensues

November 14, 2018, 8:51 am
U.S. Secretary of Energy Rick Perry has called for the diversification of Central Europe’s energy supply at a joint Hungarian-American ministerial press conference in Budapest on Tuesday. He also... 

USA has means to stop Nord Stream 2, says U.S. Ambassador to EU

November 13, 2018, 4:09 pm
The United States has instruments to slow down or even stop the Nord Stream 2 gas pipeline project that would connect Germany with Russia, U.S. Ambassador to the European Union Gordon Sondland said on... 

Motor fuel prices are to be lowered again in Hungary

November 12, 2018, 2:08 pm
Hungarian oil and gas group Mol is to lower the wholesale list price of 95-octane gasoline by HUF 7 and the price of diesel by HUF 3 forints per litre on Wednesday. The average price of gasoline will... 

Commission opens infringement procedure against Hungary

November 8, 2018, 4:08 pm
In its monthly package of infringement decisions, the European Commission has opened an infringement procedure against Hungary, calling on the country - and another seven member states - to correctly transpose... 

Hungary Mol to lower price of gasoline on Wednesday

November 5, 2018, 1:49 pm
Hungarian oil and gas group Mol is to lower the wholesale list price of 95-octane gasoline by five forints on Wednesday, while the price of diesel will remain on hold. The average price of gasoline... 

New large solar plant to be built in Hungary

November 5, 2018, 12:18 pm
China-based Unisun Energy Group has recently announced it was about to commence construction of the first phase of its ground-mounted solar power facility in Tiszaszőlős, Hungary with initial installed... 

Hungary Mol reports soaring third-quarter profits

October 31, 2018, 9:02 am
Hungarian oil and gas group Mol has reported much higher profit figures for the third quarter of 2018 than for the base period, also beating analysts’ consensus estimates. Clean CCS EBITDA, operating... 

Mol seen reporting higher earnings for Q3

October 29, 2018, 5:14 pm
Hungarian oil and gas group Mol is scheduled to publish its earnings report for the third quarter of 2018 on 31 October. Here’s what analysts polled by Portfolio expect from the company. According... 

Slovenia-Hungary powerline to be built after 20 years in planning

October 29, 2018, 3:04 pm
After two decades of planning, the construction of a 400-kilovolt powerline between Hungary and Slovenia is finally starting, as Slovenia’s Energy Agency has recently approved the financing of the... 

Mol to lower motor fuel prices in Hungary

October 24, 2018, 2:33 pm
Hungarian oil and gas group Mol is to lower the wholesale list price of 95-octane gasoline and diesel by 3 forints per litre each on Friday. The average price of gasoline will be HUF 391 per litre and... 

Cold winter could cause trouble in Hungary's gas supply

October 18, 2018, 11:14 am
Extreme cold weather could pose a risk to the security of natural gas supply, the Hungarian Energy and Public Utility Regulatory Authority (MEKH) said in a statement on Thursday. In reviewing the risks... 

Gas supply: Hungary to ink solidariy deals with neighbours

October 11, 2018, 8:22 am
Hungary’s Prime Minister Viktor Orbán has mandated the Minister for Innovation and Technology to sign agreements on solidarity mechanisms of bilateral natural gas supply. According to the Official... 

Hungary's Mol raises price of diesel sharply

October 10, 2018, 9:28 am
Hungarian oil and gas group Mol has raised the wholesale list price of diesel by 8 forints per litre on Wednesday, while it kept the price of gasoline unchanged. The hike has taken the price of diesel... 

Mol to raise price of diesel again in Hungary

October 8, 2018, 2:25 pm
Hungarian oil and gas group Mol is to raise the wholesale list price of diesel by 8 forints per litre on Wednesday, while the price of the 95-octane gasoline will not be changed. The average price of... 

Price of gasoline, diesel to be raised to 4-year high in Hungary

October 3, 2018, 3:05 pm
Hungarian oil and gas group Mol is to raise the wholesale list price of 95-octane gasoline by 6 forints per litre and the price of diesel by HUF 6 per litre on Friday. The average price of gasoline... 

Hungary, Croatia turn to Commission over gas price fix

October 2, 2018, 2:31 pm
The governments of Hungary and Croatia are turning to the European Commission over the price of natural gas transmission via the Hungarian-Croatian interconnector. The physical conditions to deliver... 

Lukoil takes over Mol petrol stations in Hungary

September 27, 2018, 2:17 pm
Normbenz Hungary Ltd., the operator of Lukoil petrol stations in the country, is taking over two pumps from oil and gas group Mol. Normbenz currently has a network of 74 petrol stations in Hungary and... 

Hungary Mol to raise price of diesel on Friday

September 26, 2018, 3:04 pm
Hungarian oil and gas group Mol is to raise the wholesale list price of diesel by by 3 forints per litre on Friday, while it will keep the price of 95-octane gasoline on hold. The average price of diesel... 

New Hungarian gas trading company is born

September 26, 2018, 11:59 am
Balázs Kertész, who has become known as the “financial right-hand man" of Antal Rogán, former propaganda minister for Prime Minister Viktor Orbán and currently minister at the helm of the PM’s... 
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